BlackRock’s iShares Bitcoin Trust Surpasses $60B in Assets Under Management

BlackRock’s iShares Bitcoin Trust (IBIT) reached over $60 billion in assets under management (AUM) as of Thursday.

Key facts:

• IBIT surpassed $40 billion in net inflows within 13 months of launch.
• The trust had a 71-day net inflow streak and accounted for 21% of BlackRock's Q1 2024 flows.
• IBIT attracted approximately $34 billion in positive net flows in 2024, representing about 5% of BlackRock's total $641 billion during the same period.
• Ranked No. 31 on VettaFi’s list of largest ETFs, IBIT is the 11th-largest iShares ETF out of over 400.
• Five ETFs ahead of IBIT have been on the market for an average of ~19 years.

Analyst Ryan Rasmussen indicated that IBIT could potentially surpass the largest gold ETF, State Street’s SPDR Gold Shares (GLD), which has ~$76 billion AUM, within one to two years. However, surpassing major equity ETFs would require significant increases in bitcoin’s price and investor adoption, and could take many years.